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Lawyer warns of climate class action risks and 'major changes' in corporate liability

Australian companies should ready themselves for imminent "major change" in corporate liability for managing and disclosing climate change risks, according to Freehills partner John Taberner.



Class actions could emerge on grounds such as failure by a company to adequately anticipate foreseeable regulatory changes, Taberner says. And there is a growing view that the Corporations Act requires businesses to disclose the effects on their activities of climate change and climate change policies.



Court upholds Garrett's dredging approval; Garnaut's 'turning point'; plus more

  • Federal Court rejects EPBC Act challenge to Port Phillip dredging
  • Garnaut looks forward to 'turning point'
  • Online Clean Development Mechanism rulebook launched
  • Productivity Commission calls for urban water review
  • Supermarket chain supports bag levy


COAG sets deadline for climate framework, endorses water MOU and acts on environmental assessments

Prime Minister Kevin Rudd and state and territory leaders will finalise a comprehensive climate framework in October, yesterday's COAG meeting agreed.



COAG also set out a timetable for reform of environmental approval and assessment processes, endorsed a memorandum of understanding on Murray-Darling Basin management as a precursor to an intergovernmental agreement and agreed to look for ways to ease the regulatory burden on oil and gas exploration and production companies.



Garnaut unveils trading proposals

The Rudd government should specify four possible abatement trajectories, says professor Ross Garnaut's much-anticipated emissions trading discussion paper, released this afternoon.



And it should put Australia on the easiest of these trajectories, unless or until other countries agree to measures that would warrant Australia taking a tougher approach, he says.


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